The given information with respect to annual estimated receipts and expenditure are as follows (Fig. in dollars) ANNUAL ANTICIPATED RECEIPTS ANNUAL ANTICIPATED EXPENDITURE Salary from a part-time job 10000 Tuition 4500 Salary from a Summer job 4000 Books 400 Rent 3500 Food 2500 Utilities 800 Entertainment 4000 Deficiency (-) 1,700 Total receipts 15700 Total expenditure 15700   Ted Frey anticipated cash receipts for the entire […]

Ryanair was the first budget airline in Europe, modeled after the successful U. S. low cost carrier, Southwest Airlines. Ryanair is one of the oldest and most successful low-cost airlines in Europe, the third largest airline in Europe in terms of number of passenger and the largest in the world in terms of international passengers’ numbers. For this article, I had provided the 4 Ps, […]

Every organization needs to plan and consider how to confront future potential risks and opportunities. In most cases, this process is formalized by preparing annual budgets and monitoring performance against budgets. “Planning is the design of a desired future and of effective ways of bringing it about” (Ackoff, 1981). But a distinction is often made between short-term planning and long-range or strategic planning. Budgeting is […]

Capital Budget Recommendation: Guillermo Furniture ACC/543 Monday October 8, 2009 YouKnew Abstract Guillermo Navallez is the owner of a successful furniture and manufacturing company located in Sonora, Mexico. Navallez’s establishment is known for its quality pieces, crafting a variety of chairs and tables from the abundant supply of timber in the area. In the late 1990’s, Navallez competitors became a real threat to the ongoing […]

A budget can be defined as an itemized listing of the amount of all estimated revenue or income which the school anticipates receiving, along with a listing of the amount of all estimated costs and expenses that will be incurred during a given period of time (Wango Geoffrey, 2009:211). A school budget can be defined as a document or statement outlining a school’s revenue (income) […]

Excessive Borrowing: Our Federal Government’s Budget Deficit Maria comes home one day earlier than usual. Her family, two daughters of age five and eight and a stay-at-home husband, is surprised to see her so early and unexpectedly. The tired look on her face reveals the experience she had at work. She brings out a sluggish smile as her daughters rush up to greet her with […]

In the past years, ethical issues involving public officials and funding have emerged thereby directing the spotlight not only at the officials connected but also the means in which the channel of funding is suddenly considered as an enabler of corruption. In the past years, especially during the recent elections, the term “earmarks” have been thrown around by candidates. Although earmarks are legislated through the […]

According to the Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, at the Dewan Rakyat on Friday, September 28 tabled that the Budget 2013 themed “Prospering The Nation, Enhancing Well-Being of the Rakyat: A Promise Fulfilled” . 2013 budget was formulated with a focus on improving the living standards of people across the country, ensuring sustainable economic growth, prudent spending and reduce […]

Introduction The observation that “ many managers considered budgetary information with which they were provided was not very useful, and it was frequently ignored” is thought provoking.. This versatile tool of finance management is not to blame.  It all depends on how the practitioners make use of this tool. The following discussion will prove the fallacy of the above observation. I hasten to add that […]